Solana’s price is currently at $143.71, reflecting a 4.0% increase, following the launch of the Bitwise Solana ETF, which garnered $420 million in its first week. The ETF’s historic debut has contributed significantly to the recent price movement of SOL. As the market reacts to these developments, technical indicators suggest that Solana may enter a consolidation phase in the near future. This consolidation could indicate a period of stabilization after the initial surge driven by the ETF’s success. Investors and analysts are closely monitoring these trends as they assess the potential for future price movements.
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